Business
Hank Payments Signs Strategic Agreement with Industry Expert to Penetrate Lending and Debt Repayment Management Market
Toronto, Ontario--(Newsfile Corp. - June 10, 2022) - Hank Payments Corp.  (TSXV: HANK) (...
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[{"type":"text","content":"Hank Payments Signs Strategic Agreement with Industry Expert to Penetrate Lending and Debt Repayment Management MarketToronto, Ontario--(Newsfile Corp. - June 10, 2022) - Hank Payments Corp. (TSXV: HANK) (\"Hank\" or the \"Company\"), a North American leader in consumer Fintech Software-as-a-Service (SaaS) that supports consumer budgeting, cash management and payment automation through it's secure, modern, automated and best-in-class proprietary Cloud-based technology solution and related intellectual property (the \"Hank Payment Platform\") is pleased to announce it has entered into a long-term strategic agreement with an industry leading advisor to the tech-enabled business service and platform providers market (the \"Strategic Partner\"). The Strategic Partner will provide, amongst other things, qualified strategic introductions and licensing negotiations assistance in support of Hank acquiring new Enterprise SaaS accounts in the large and untapped lending and debt repayment management market (the \"Market\").Highlights:Credible Strategic Partner to materially expand access into this large Market for Hank's SaaS platform In-the-funnel deals currently either being, or in the very near term will be, actively pursued that may exceed Enterprise SaaS user counts, in the near-term range of many hundreds of thousands of end user consumers, and expected to materially increase ARR (Annualized Recurring Revenue)Performance based deal assures alignment of interests with a very reasonable revenue share over time for deals won by Hank and introduced by the Strategic PartnerBroadens company access to massive market by cost efficiently cultivating the Strategic Partner's existing relationshipsHeadquartered in the Northeastern United States, the Strategic Partner possesses almost a half-century of combined deep domain industry expertise and unparalleled experience acting as advisors in varying capacities to a number of companies within the Market. Their team has completed well over 100 mandates and generated over multiple billions of dollars in transaction value within various sectors, a large portion of which have been comprised of advising clients operating in the Market space across North America and beyond. After extensively evaluating the Hank Payment Platform, the Strategic Partner determined that their Enterprise clients and othe...